UAE-based ALEC Engineering has secured a $1.7 billion construction contract for Sphere Abu Dhabi, an iconic immersive entertainment venue, coming up on Yas Island. The project scope includes design, procurement and construction work of the world’s second Sphere arena which is set for completion by 2029.
EDECS, a leading EPC contractor in the region, has secured a key contract for the construction of a dry port and veterinary quarantine facility at the Economic Zone in Al Dhahirah (EZAD) – IP3, Ibri Provence in Oman. The scope of work includes enabling works, earthwork as well as infrastructure and final fit-out works.
EMSTEEL Group, one of the region’s largest publicly traded steel and building materials manufacturers, today announced the official launch of its ES600 high-strength steel rebar, the highest-strength steel grade currently produced in the UAE.
ENBD REIT, the Shariah compliant real estate investment trust managed by Emirates NBD Asset Management Limited, has announced said its Net Asset Value (NAV) stood at $254.7 million, equivalent to $1.02 per share for the financial year ended 31st March 2026, representing a 16.5% increase year-on-year from $218.6 million.
Sobha Group has entered strategic memorandums of understanding (MoU) with 10 leading global and regional universities, reinforcing its long-term commitment to building future-ready leadership talent and strengthening its position as a people-first organization that invests as deeply in its people as it does in its projects.
MYCRANE, the first global platform for crane rental and purchase, has further strengthened its commercial team in Saudi Arabia with the appointment of Shiraaj Shaleeh as Head of Sales and Aashish Mulye as Sales Manager, both based in Riyadh.
The Abu Dhabi National Oil Company (ADNOC) is accelerating construction of a second crude export pipeline designed to bypass the strategically sensitive Strait of Hormuz, with the project now 50% complete and targeted for delivery in 2027, according to Dr Sultan bin Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and ADNOC Managing Director and Group CEO.
Jazeera Paints, a leading company in the paint, colour, and building solutions industry, is strengthening its presence across Gulf markets as part of its broader regional expansion strategy, by opening its first branch in Doha.
Global leader in light and sustainable construction, Saint-Gobain inaugurated its new construction chemicals manufacturing unit in Ras Al Khaimah, reinforcing its long-term commitment to the UAE market and expanding its regional product range offer along with production capabilities.
Youngest Arab billionaire Abbas Sajwani's AHS Properties aims to scale its project pipeline to AED50 billion ($13.61 billion) in value by year-end.
